Vanu closes $32M round

Vanu Inc. announced Thursday that it has closed a $32 million round of funding led by Norwest Venture Partners.

The Cambridge, Mass.-based maker of software-based radios for cellular operators will use the funding to fuel its business development efforts in India.

Also participating in the round were Charles River Ventures and Tata Capital. Bruce Sachs of Charles River Ventures and Promod Haque of Norwest Venture Partners were named to Vanu’s Board of Directors as a result of the funding.

Vanu Inc. grew out of research done at MIT by Vanu Bose, son of Amar Bose, founder of Framingham audio systems giant Bose Corp.